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Thursday, July 2, 2009

A mortgage short sale is the process of satisfying a debt with less than the amount owed. The short sale happens generally before investment property advice by the lender because the homeowner is unable to pay the debts on time. Mortgage services/banks can lose a lot more money if your property goes to foreclosure sale.

Now we realize there is a large demand for this service and doesn't seem to be very many companies that know what a Short Sale is, and much less on how to work with mortgage brokers, investors and lenders to negotiate a Short Sale. Before your property investment in australia is approve, you'll have to submit an application, hardship letter, financial statements, tax returns, pay stubs, the purchase agreement from the buyer, a HUD statement from the pending transaction, payoff letters from all lenders involved, and several other things depending on the lender. Let us help you determine if a short sale is right for your situation.